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The 2009-2014 Outlook for Hand Lawn Mower, Baby Carriage, Tricycle, Juvenile, and Other Solid and Semi-Pneumatic Tires in Greater Overview

WHAT IS LATENT DEMAND AND THE P.I.E.?The idea of latent demand is reasonably subtle. The time period latent generally refers to something that's dormant, no longer observable, or not yet realized. Demand is the notion of an economic quantity that a goal population or market requires beneath completely different assumptions of worth, high quality, and distribution, amongst other factors. Latent demand, subsequently, is commonly defined by way of economists as the industry incomess of a market when that market develop intos obtainable and attractive to serve with the aid of competing companies. It is a measure, therefore, of doable trade incomess (P.I.E.) or complete revenues (not profit) if Greater China is served in a good manner. It is usually expressed as the whole revenues probably extracted through firms. The "market" is outlined at a given stage in the value chain. There may also be latent demand at the retail stage, at the entiresale degree, the manufacturing level, and the raw subject materials stage (the P.I.E. of upper levels of the worth chain being all the time smaller than the P.I.E. of levels at decrease stages of the identical worth chain, assuming all degrees care for minimal profitability).The latent demand for hand garden mower, child carriage, tricycle, juvenile, and different strong and semi-pneumatic tires in Greater China is simply now not actual or hellostoric sales. Nor is latent demand future gross sales. In fact, latent demand can be either decrease or greater than actual sales if a market is inefficient (i.e., no longer representative of comparatively competitive stages). Inefficiencies come up from various issues, together with the dearth of world openness, cultural boundaries to consumption, rules, and cartel-like habits on the part of firms. In common, then again, latent demand is normally higher than precise gross sales in a market.For causes mentioned later, this record does not believe the now notion of "unit quantities", only whole latent incomes (i.e., a calculation of value occasions quantity is never made, though one is implied). The devices used in this file are U.S. bucks now not adjusted for inflation (i.e., the figures contain inflationary trends)..